Utilize este identificador para referenciar este registo: http://hdl.handle.net/1822/33592

TítuloOil shocks and the Euro as an optimum currency area
Autor(es)Conraria, Luís Aguiar
Rodrigues, Teresa Maria
Soares, Maria Joana Feijão Ehrhardt
Palavras-chaveOil prices
Business cycles
The Euro
Optimum currency areas
EditoraSpringer International Publishing
Resumo(s)We use wavelet analysis to study the impact of the Euro adoption on the oil price macroeconomy relation in the Euroland. We uncover evidence that the oil-macroeconomy relation changed in the past decades. We show that after the Euro adoption some countries became more similar with respect to how their macroeconomies react to oil shocks. However, we also conclude that the adoption of the common currency did not contribute to a higher degree of synchronization between Portugal, Ireland and Belgium and the rest of the countries in the Euroland. On the contrary, in these countries the macroeconomic reaction to an oil shock became more asymmetric after adopting the Euro.
Versão da editorahttp://link.springer.com/chapter/10.1007/978-3-319-07061-2_7#page-1
Aparece nas coleções:NIPE - Livros e Capítulos de Livros

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